GOLD - SHORT TERM CORRECTION

Gold seems like being in a short term correction after touching 1315- two year high. A short is recommend if price has a break out of the triangle and the internal trend line . MACD indicator also has a bearish divergence. Support is the yellow areas which coincides with 50% Fibo Retrace from 1199 to 1315.
Trade plan:
- Sell stop @1277.
- Take profit @1260.